USquare @ The Loop
Soon developers will break ground on USquare @ The Loop. The new $80 million development will be located on the 4.2 acres of land located between McMillan and Calhoun Streets, near the University of Cincinnati. The project will use funds from the Clifton Heights – University Heights – Fairview Tax Incentive (TIF) Districts as well as a City grant to help finance the public improvements of the USquare @ The Loop project.
The USquare development will include approximately 161 market-rate apartments, approximately 40,000 sq. ft. of professional office space, and approximately 77,751 sq. ft. of retail space. The developer intends to reserve approximately 0.40 acres of the site for the future development of a hotel. The development will also include two City of Cincinnati owned parking garages as well as a public park-like plaza.
The garages are expected to be completed in October of 2012, followed by retail and office leases starting in November of 2012, and apartment leases starting in May of 2013.